$BTC 8.19 Bitcoin Trend Analysis
The medium to long-term outlook for Bitcoin remains bearish, with a focus on shorting during upward cycles.
Currently in a small-scale double zigzag downward structure, we are in the second zigzag decline, with support around 112,000.
The first target for the decline is around 98,000, and the second target starts with the number 7.
No changes to medium to long-term short positions. For short-term, short around 116,900, with a stop loss at 118,600.
